Showbiz Sandbox 658: Searching for Winners at the 2024 Cannes Film Festival
May 29, 2024
The general consensus among attendees was that, unlike last year, the 2024 Cannes Film Festival was not one of its strongest editions. Few of the selections made a huge impact and, indeed, there were a few titles that left festival goers scratching their heads. Yet, it seemed more indicative of a general malaise affecting the entire film industry rather than the Cannes itself.
Indeed, some of those award prizes in Cannes are sure to make their way into the cultural conversation in the months ahead, including Palme d’Or winner “Anora,” from director Sean Baker and Jacques Audiard’s “Emilia Perez.” However, entries from Francis Ford Coppola, Kevin Costner and David Cronenberg mostly underwhelmed audiences and critics.
Of course we also cover the week’s top entertainment headlines including the bundling of streaming services, the SXSW festival heads to London and the Department of Justice officially sues Live Nation for antitrust.
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Showbiz Sandbox 657: New Streaming Business Models Require New Measurement Tools
May 7, 2024
Streaming services seem to have settled on engagement as the metric by which to measure the success of a series or movie or even the platform itself. However, the industry has yet to decide a method for how to measure and report such figures in a consistent way. Some services publish random viewership figures citing how many subscribers sampled specific programming without describing how that figure is calculated.
This is becoming a big problem now that labor unions depend on reliable data to make sure studios, networks and streamers are keeping their end of the bargain when it comes to sharing profits for big hits.
Of course we also cover the week’s top entertainment headlines including this year’s Tony nominations for Broadway shows, television producer Dan Schneider sues the filmmakers behind the “Quiet On Set” Documentary, and Madonna performs in Rio de Janeiro for more than 1.5 million fans.
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Showbiz Sandbox 655: Netflix Stops Sweating (and Reporting) Subscriber Growth
April 23, 2024
Netflix first quarter earnings report showed growth in all areas from subscribers, to revenue and income. But with Netflix clearly dominating competitors and entering a mature market, the streaming giant will no longer provide subscriber figures on a regular basis. Instead, Netflix will concentrate on profit and the amount of time each of their 270 million subscribers spend viewing programming on their platform.
Meanwhile, the long gestating sale of Paramount Global got a lot more interesting last week when Sony entered the picture with its own bid for the media conglomerate. Unfortunately, indie production house Participant Media was unable to find a buyer and abruptly shuttered.
Of course we also cover the week’s top entertainment headlines including this year’s Rock and Roll Hall of Fame inductees, Taylor Swift breaks her own sales records with the release of her album “The Tortured Poets Department” and the Sundance Film Festival may be in search of a new home.
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Showbiz Sandbox 652: Comscore, Nielsen and the Battle Over TV Ratings
March 26, 2024
The way audiences watch television has changed radically over the past ten years, bet it when, where or how. Nielsen, long the king of TV ratings, is facing competition from upstarts like Comscore. With viewership on mobile and over-the-top devices not always being measured, advertisers are beginning to include social media awareness into account when determining the success of their marketing campaigns.
Meanwhile filmmaker Jonathan Glazer’s Oscar acceptance speech for the movie “Zone of Interest,” in which he referenced the ongoing conflict in Gaza and Israel, has generated a lot of debate with nearly 1,000 industry professionals signing a petition denouncing his statements.
Of course we also cover the week’s top entertainment headlines including this year’s IRA Awards, a controversial hire at NBC News and IMAX heads to the Paris Summer Olympics.
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Showbiz Sandbox 646: A Slimmed Down Sundance Still Shines
January 30, 2024
This year’s Sundance Film Festival reflected the current state of the contracting industry itself, offering fewer films at fewer venues for fewer in-person attendees. Yet, as festivals like Sundance work toward rekindling post-pandemic financial support, this year’s official selections were just as noteworthy as those that have appeared throughout its 40 year history. We’ll give you a rundown of the titles too look out for over the next year and fill you in on all the Sundance winners.
Speaking of winners, this year’s Oscar nominations were announced and they included a few titles from last year’s Sundance and Cannes film festivals. The only thing missing for most were nominations for “Barbie” director Greta Gerwig and its star Margot Robbie.
Of course we also cover the week’s top entertainment headlines including Jon Stewart’s return to “The Daily Show,” the influential music website Pitchfork suffers layoffs and Netflix continues dominate the streaming landscape with a stellar quarterly earnings report.
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Showbiz Sandbox 642: What Netflix Subscribers Really Watch
December 19, 2023
Last week Netflix released a huge data dump detailing the viewership of all its programming for the first six months of 2023. The streaming giant is calling it a victory for transparency. While it’s a long way from the granular detail the industry has long sought, it does reveal that almost nobody watches 25% of the 18,000 on the serverice. We discuss other findings the metrics reveal and why Netflix is suddenly so open about releasing data.
Meanwhile, the guilds have started to weigh in with their picks for the top films of this year and providing us with a list of documentaries you should catch up on.
Of course we also cover the week’s top entertainment headlines including why Mayim Bialik is out as host of “Jeapordy,” the 25 films added to this year’s National Film Registry and the (legal and professional) verdict on actor Jonathan Majors.
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Showbiz Sandbox 641: Red Sea Film Festival Highlights Emerging Film Market
December 13, 2023
In its third year the Red Sea International Film Festival continues to build on its reputation for programming some of the most engaging and important movies being made in the Middle East. Held in Jeddah, Saudi Arabia, RSIFF has gone a step further by financially backing productions from the region, which until five years ago didn’t even have movie theaters.
Meanwhile, the awards season is revving up with numerous film critics societies weighing on their top movies from the past year. Plus the Golden Globes announced their nominations for next year’s ceremony.
Of course we also cover the week’s top entertainment headlines including how a 65-year-old Christmas song becomes only the third holiday tune to top the Billboard charts, bundling comes to streaming services and Disney’s Bob Iger says the ABC television network is not for sale.
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Showbiz Sandbox 636: Why Streaming Subscriptions Are Getting More Expensive
November 1, 2023
When Netflix announced its earnings for the third quarter of 2023 it also confirmed that it would be increasing prices for those that don’t want to view ads. Amazon recently said it would also be raising the price for the ad-free tier of Prime Video. It turns out these streaming services have discovered they make more revenue per subscriber when they are willing to watch ads. Now all they need to do is scale their advertising subscriber-base.
Meanwhile, there are signs that talks to settle the actors’ strike may be going well. Though the strike’s damages have already been done with studios postponing releases until 2025 and television ad rates plummeting.
Of course we also cover the week’s top entertainment headlines including why music publishers are taking legal action against artificial intelligence companies, how record labels are trying to prevent artists from re-recording their albums and the untimely death of Matthew Perry.
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Showbiz Sandbox 635: Deciphering Hollywood Hits and Misses
October 17, 2023
Hollywood studios often try to camouflage the success or failure of their movies. Sometimes they claim a film is unprofitable, yet go on to make several sequels, as Nu Image did with the “Has Fallen” franchise. Other times a studio insists a movie is a modest box office hit despite paying hundreds of millions for the underlying property, as with Universal Pictures’ recent “The Exorcist: Believer.” It many not matter to moviegoers, but it does to those with profit participation.
There is no denying that Taylor Swift’s “Eras Tour” concert film is a huge success after its weekend in cinemas around the world. Though it didn’t live up to early box office forecasts, its opening was three times bigger than any concert movie in history. It became the highest grossing such film of all time in North America after just three days.
Of course we also cover the week’s top entertainment headlines including the latest on the actors’ strike, some questions over Spotify’s audiobook offering and Microsoft finally completes its acquisition of Activision Blizzard.
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Showbiz Sandbox 634: Spotify Gets Book Smart
October 10, 2023
Spotify, the music streaming service, is going all in on audiobooks in hopes of attracting and maintaining subscribers. Previously, Spotify offered some audiobooks for sale. Now the company’s 220 million premium subscribers get 15 hours of free audiobook listening each month. The service is launching with 150,000 titles and will pay publishers based on consumption.
Meanwhile, while the writers’ strike may be over, actors continue to walk picket lines outside Hollywood studios, networks and streamers. The good news is that SAG-AFTRA and the AMPTP are finally sitting down to negotiate a new contract.
Of course we also cover the week’s top entertainment headlines including how Taylor Swift’s film is breaking records even before its release, Dreamworks Animation plans to outsource production and why Wall Street financiers are souring on investing in entertainment companies.
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